Address: 401 East 37th Street, Long Beach, CA 90807
Long Beach Area Council, Boy Scouts of America
Building Type: Free-Standing One-Story Office Building
Approx. 5,051 gross building square feet
Land Area: Approximately 25,026 square feet (0.57 AC)
Zoning: R-1-N - Single Family Dwelling
Year Built: 1953
Strengths: - Oversized lot. Demographically appealing Long Beach suburb with freeway friendly access.
- Redevelopment or Owner-User potential.
Challenges: - National Boy Scouts of America (Irving,TX) Bankruptcy driven sale via court order.
- Building/property in poor condition.
- Entitlement to higher density will need independent City/Zoning investigation.
401 E 37th STREET, LONG BEACH, CA 90807.
This offering, presented by DavCo Realty Advisors, is presented as a bankruptcy, 'Court Ordered Sale' effective immediately.
The Boy Scouts of America have occupied this property since the 1950's. Currently utilized as both a regional Southern California retail outlet, and as a local Scout office administrative HQ, this property continues to serve the Owners. Due to a court order as a result of National BSA Bankruptcy, the current Owner is divesting this property in order to comply. Owner is open to a short-term occupancy or lease back, while the property matures with new ownerships' potential. The Owner is willing to vacate upon 90 days of close of escrow to accommodate the new ownership.
Pricing has preliminarily been set at a benchmark $2,000,000 sales price. Ultimate pricing, whether higher or lower, will be considered individually by the Trustee in Bankruptcy Court. Offers are highly suggested with determination of acceptance, or rejection, upon review from Trustee.
The Property is to be sold in an 'As-Is' condition. All due diligence is to be conducted by Prospective Buyer's accord, with full reliance of ALL INFORMATION to be confirmed independently by Buyer. Both physical building and property conditions shall be subject to Buyers' independent review, due diligence, and their own 3rd party inspections and reports.
Offers are recommended to be submitted after June 12, 2023. Due to Bankruptcy Process, offers will be responded to on a timely basis with either acceptance, or rejection of basic terms. Offers are recommended in either an AIR form, CAR form, or other standardized industry standard form.
Tours will be schedule in advance, and schedule on Wednesday mornings commencing June 14th, 2023. PLEASE, no unannounced tours on the premises.
The Long Beach Area Council has occupied the building since the early 1950's. To the best of our knowledge, this property has simply been utilized by the Owner for local retail and office use.
This parcel's City of Long Beach designation is zoned R-1-N in the prestigious California Heights area of Long Beach. This designation is for a single-family residential district with standard lots. This District recognizes the outdoor lifestyle characteristic of Southern California and is established to protect such areas from overcrowding and conversion to higher densities. This implements Land Use District No. 1 of the General Plan.
Please see link to the City Zoning criteria page. Any questions can be directed to the City of Long Beach Planning Department at 562.570.6194 or website information below: https://longbeachgov/lbds/planning/advance/maps/zoning/
Oversized corner parcel of over 25,000 sq. ft.
Neighboring properties and lot aerial
Bixby Knolls City view with tremendous freeway access
The information provided within this offering is not to be relied upon, but merely used as a preliminary basis for preliminary evaluation. Further, this information has been obtained from multiple sources believed to be reliable but has not been verified. No warranty or representation, expressed or implied, is made as to the condition of the property referenced herein or as to the accuracy of the information. Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.